Tag: Property

There are payment options for the property purchase, one to make the entire payment paid in advance, at the time of the booking. For that, you need to have much cash available. The other pertains to the safety of the capital, until the reputation of the seller is reliable. Advantage in the first case is […]

Adarsh and Lavasa housing projects have become household names. With environmental concerns being a major concern in realty sector, major construction projects have recently been pulled up by the ministry of environment and forests (MoEF) on the ground of violation of norms. Notices for the demolition or cease-construction for these projects are pending. Thus, for […]

Since the land rate are rising and realty seems to be the most profitable market, many of the top textile firms are also attracted to this business and are thus generating additional revenue streams by developing or selling precious real estate. Some of such firms are Provogue India, Century Textiles & Industries, Bombay Dyeing & […]

Hindustan Construction Company announced a tie-up for its nuclear business with Britain-based firm AMEC. The two companies would provide consulting and EPC services for the establishment of nuclear power plants in India. The tie-up will also enable HCC to execute services in the field of mechanical and electrical components of nuclear power plants by sourcing […]

The real estate market is slowly picking up in Ajmer. Investors as well as end users have started exploring options. Being a prominent centre of religious tourism, there is no dearth of investors from abroad. Property consultants have started getting queries from NRIs visiting ajmer. Blue Earth Consultant MD Surendra Rajpurohit said, “Most of them […]

The Reserve Bank of India may step up its efforts to pre-empt another bubble in the local property market by increasing the cost of funds for the commercial real estate sector by up to 200 basis points. According to an RBI official, “We are looking at a hike in the risk weight to the commercial […]

Parsvnath Developers Limited is looking toward tier-II cities and following the strategy, PDL announced Parsvnath City at Saharanpur. It will offer plotted development, independent Floors and expandable villas at affordable prices. Spread over more than hundred acres, Parsvnath City, Saharanpur is strategically located on Delhi road. First of its kind project will offer independent floors […]

Photo by paul goyetteProperty firms are launching housing projects and raising pitch for ongoing ones in the hope of making decent sales going into the festive season. The mood among builders may be buoyant, but very few believe price hike is possible as demand is still hesitant and new supplies are hitting the market. The […]

Dax Properties is setting up a 18-hole golf course-centric luxury retreat and township at Shadnagar near here which will entail investment of five hundred crore rupees. The golf course will be spread over 130 acres on a 300-acre site earmarked for the Golf Retreat project, according to Mr Masood, MD of the Bangalore-based Dax Properties, […]

Best Western India, the Indian affiliate of the international Best Western brand, opened its 13th operational property. Branded as ‘Best Western Classic Avenue’, the 60-room, four-star luxury property is the second in Kerala after Kochi. Best Western, among the world’s largest chain providing marketing, reservations and operational support to over four thousand independently owned and […]

The Chennai-based El Forge Ltd is selling its land at Thuraipakkam for ten crore rupees as part of its restructuring plan. The company, which made a loss of Rs 18 crore last year on a turnover of Rs 87 crore, will make a substantial profit on the transaction. Company officials do not want to disclose […]

Real estateWe often read that recovery in realty market is visible now. Such news has reached to general people and they have started looking at property of their choice at affordable rates. Competition between builders results into rate cuts and attractive offers for buyers. It can be easily figured out by taking a look on […]

In coming years, India is expected to outperform the global markets with a growth rate in the range of 7 percent to 10 percent. This will benefit the real estate sector, which is closely linked to high growth in the economy. A decrement in property prices, reduced interest rates and stability in the job market […]

PropertywalaSome years ago, real estate was not supposed to be an industry. During property dealing, a fear always came in mind of getting deceived. It was supposed to be the cup of tea for clever brokers and mediators. These days, Real estate has changed into a fair and transparent industry. Lots of choices and information […]

PVP Ventures has sold its 90- ground prime property at Vadapalani in Chennai to education group SRM for Rs 140 crore. The property developed over 90 grounds with a built-up space of 3 lakh square feet. SRM University has chalked out big plans for making use of the office space. It is in the process […]

The government has provided in-principle approval to DLF to denotify four of its IT, ITES Special Economic Zones (SEZ), which the company did not want to build because of the slowdown in the real estate business. However, the denotification will be subject to the condition that DLF returns all the tax benefits that it had […]

Fearing a crash in local real estate prices, many well-heeled Indians are buying properties in Singapore. While such purchases could be pure investments, the lure of permanent residentship offered to certain investors under the Singapore law may have also influenced the decision. Many are drawn by the sheer ease in buying a house in Singapore. […]

An uninspiring opening and an even worse close towards the end of the day marked Indiabulls Properties Investment Trust’s debut on the Singapore Exchange on 11th june. During the day, it went down to as low as 0.88 cents and closed 10% below the issue price of S$1. The stock could not breach its issue […]

Godrej Properties Ltd, Real estate arm of the Godrej Group, declared that it has filed the Draft Red Herring Prospectus (DHRP) with SEBI for an IPO of approx seven million shares. According to a company statement, the firm proposes an IPO of 9,429,750 equity shares of ten rupees each through 100% book building process to […]

A week after Sebi announced guidelines for real estate mutual funds, officials at fund houses and real estate developers are awaiting clarity on certain issues before they go ahead with scheme launches. Industry experts point out that taxation, periodic calculation of net asset value (NAV), and absence of any benchmark indices are some of the […]

Is it the exact price for the property? Perhaps this is the question that keeps on creeping in people’s mind ever since they make up their mind to buy or sell a property. So it is important to spot the right price for making a successful real estate deal. There are certain things which every […]

Blackstone Real Estate Partners announced that it agreed to invest approximately 18 million dollars for a minority stake with board representation in Synergy Property Development Services Private Ltd. Synergy, Formed in 2003, is now one of the top projects and construction management companies in India and currently has over 500 employees across nine Indian offices, […]

The stock of unoccupied properties with real estate developers in the main technology hubs of Bangalore and Chennai is mounting and indications are that their problems will only get worse as software companies head towards greener pastures.

The sub prime crisis may have struck in the US, but real estate companies around the world are feeling the heat. The meltdown in property firms’ valuations in other economies, including India, China, Japan and the UK, has surpassed that of the US with Indian real estate companies witnessing one of the biggest falls. Some […]